[EDIT I 03/12/2008]
I attached a installation package.
You can start mc in mrxvt with "mc" or "/usr/local/bin/startmc".
Installation script has set a symbolic link via "ln -s /usr/local/bin/startmc /usr/bin/mc".
mrxvt is included in the zip file. I have used the modded version in this post. If you use the matchbox keyboard most of the time, you should read this and use 0.4v instead, which includes Macros to emulate non-existing keys on iLiad's software keyboard.
Contents of zip file:
# mc.iLiad.0.1.install [mc installation package]
# mrxvt_iliad_0.3.1 [shell terminal mrxvt]
# doc [mc FAQ, man pages]
# mc 4.6.1 iLiad 0.1.png [screenshot]
# Readme.txt [this file]

Midnight Commander (mc) is an orthodox file manager for Unix-like systems (also works in Windows) and a clone of Norton Commander.
Midnight Commander is a text mode application. The main interface consists of two panels which display the file system. It is used in a similar way to many other programs run in the Unix shell. Arrow keys control file selection, the insert key is used to select files and the Function Keys perform operations such as renaming, editing and copying files. Later versions of the Midnight Commander additionally have mouse support for easier operation. Such versions are aware of running inside an X terminal, which allows them to react to the graphical pointer and update the name of the window in which Midnight Commander runs.

I love mc, and as with Alexander it is one of the first things I install wherever I can. It is great to have it on the iliad. It looks great! I don't have an external keyboard (yet).
One thing I noticed is that when clicking on (for example) the F2 key or the menu at the top I sometimes have to activate the builtin keybaord to get that key press to register or the screen to refresh. I'm not sure if this is a typeahead issue, or something that could be tweaked. I must say I am impressed with this.

Ah, it seems I'm not allowe to give you more karma just yet. You'll have to ease up on the clever stuff for a while

[...]
One thing I noticed is that when clicking on (for example) the F2 key or the menu at the top I sometimes have to activate the builtin keybaord to get that key press to register or the screen to refresh. I'm not sure if this is a typeahead issue, or something that could be tweaked. I must say I am impressed with this.

Scotty's mrxvt port decides when the screen get's a refresh.*
Yepp, I need to press a key [=event for refresh] from time to time to see some entries.

*I have compiled aterm, but it doesn't start, because of a font problem.